Brazil’s Bradesco says ready to weather corporate defaults

March 1, 2015

Banco Bradesco says it’s ready to weather corporate defaults and debt restructuring in Brazil. In response to questions about a Petrobras downgrade, CFO Luiz Carlos Angelotti pronounced that Bradesco “carefully analyzes credit events on case-by-case basis,” expecting it to keep a coverage ratio; that gauges a bank’s ability to catch intensity losses from non-performing loans, fast by 2015. Petrobas unsecured debt rating was lowered to a lowest investment- grade ranking. The Petrobas Hillside was a categorical thesis on a call, overshadowing Bradesco’s differently clever quarterly results. Bradesco has a “conservative” risk assessment process that creates a peculiarity of a loan book more solid.

 

Read the entire article here:

http://www.washingtonobserver.net/update-1-brazils-bradesco-says-ready-to-weather-corporate-defaults/

Dawson Beattie

Dawson Beattie leads CreditEureka as President and founder. He has helped companies navigate international credit markets through nearly 20 years of shifting market conditions. He has helped companies in retailing, mining, technology, life sciences, and agriculture.

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